Good News for Student Loan Borrowers: Biden Administration Just Released New Protections
The Biden Administration promised to help relieve the burden of student loan debt on borrowers, and with initiatives like the Saving on a Valuable Education (SAVE) Plan, repayment on-ramp, and fixes to loan forgiveness programs, there is no shortage of efforts. However, so far, these have all been directed at improving the student loan situation for borrowers.
To address the root of the problem, the administration is now looking at the schools people are borrowing money to attend. While a higher level of accountability was part of the president's student loan relief plan already, we recently learned what the final regulations will look like.
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Source Fool.com
